We have seen 5 successive monthly red candles on Bitcoin price chart. It was one the longest red candles series on monthly chart. After this monthly red candle series, Bitcoin price got 2 successive monthly green candles.
Here you can see monthly chart of Bitcoin price. Yesterday was the last day of the last monht. Bitcoin price closed the month with huge monthly green candle. Bitcoin started the new month with green candle. It may be possible to see monthly green candle in this month. If we see Bitcoin price will get 3 successive monthly green candles. We have seen monthly green candles series as this.
I pointed the same move on Bitcoin price chart. When Bitcoin price reversed down from all time high level from 69K, Bitcoin price got 2 monthly red candles. After this price dump, Bitcoin price got 2 monthly green candles. You can see what happened after these green candles. We may see the same scenario.
Here you can see the indicators on monthly chart of Bitcoin price. Fisher Indicators is on the bottom and trying to reverse up. MACD Indicator is going down. It will reverse up If we see more monthly green candles. So, these major indicators are trying to find the bottom and reverse up. If we see more monhly green candles, Bitcoin price will be reversed up and enter bullish trend.
If we dont see ''Sell in May, go Away'', Bitcoin price may complete reverse up until Summer. If it happens, we will enter the new bearish trend.
We will see...